Oracle chief withdraws Harvard donation

The New York Times

June 28th, 2006

The New York Timesreports that Larry Ellison, chief executive of Oracle, has withdrawn a donation of $115 million to Harvard University. Ellison decided to withdraw the donation following the resignation of Harvard President Lawrence H. Summers in February amid controversy. Harvard had planned to use this donation–the biggest in the school’s history–to establish the Ellison Institute for World Health. The institution would have been devoted to examining the efficiency of various world health projects. A spokesman for Oracle said: ” Larry Summers was the brainchild of this project … His departure is what caused Larry Ellison to decide against making the donation.” … (Note: This site requires free registration.)